Duke Realty Corporation owns and operates approximately 159 million rentable square feet of industrial assets in 20 major logistics markets. Duke Realty Corporation is publicly traded on the NYSE under the symbol DRE and is a member of the S&P 500 Index.
IPO Year:
Exchange: NYSE
Website: dukerealty.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 7/15/2022 | $78.00 → $74.00 | Outperform → Neutral | Robert W. Baird |
| 5/16/2022 | $68.00 → $65.00 | Market Perform → Outperform | BMO Capital Markets |
| 2/3/2022 | $63.00 | Hold → Buy | Truist |
| 1/18/2022 | $63.00 | Buy → Hold | Truist |
| 1/18/2022 | Buy → Hold | Truist Securities | |
| 1/10/2022 | $61.00 → $68.00 | Outperform | Raymond James |
| 1/7/2022 | $68.00 | Outperform → Market Perform | BMO Capital Markets |
| 12/14/2021 | Overweight → Equal Weight | Wells Fargo | |
| 11/22/2021 | $51.00 → $60.00 | Equal-Weight | Morgan Stanley |
| 11/19/2021 | $55.00 → $65.00 | Sector Perform → Outperform | RBC Capital |
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SAN FRANCISCO, Jan. 26, 2023 /PRNewswire/ -- Prologis, Inc. (NYSE:PLD), the global leader in logistics real estate, today announced the tax treatment of Duke Realty Corporation (NYSE:DRE) 2022 distributions. The exhibit reflects the per share tax treatment of Duke Realty Corporation's common stock distribution, as prescribed by the Internal Revenue Code. In October 2022, Prologis announced that it had completed its acquisition of Duke Realty Corporation for $23 billion, including assumption of debt. In connection with the transaction, each share of Duke Realty Corporation common stock was converted into the right to receive 0.475 of a share of Prologis common stock. All distributions from a
INDIANAPOLIS, Sept. 01, 2022 (GLOBE NEWSWIRE) -- The Board of Directors of Duke Realty Corporation (NYSE:DRE) today declared a quarterly cash distribution on its common stock of $0.28 per share, or $1.12 per share on an annualized basis. The third quarter dividend will be payable on September 30, 2022, to shareholders of record at the close of business on September 15, 2022. About Duke Realty Corporation Duke Realty Corporation owns and operates approximately 167.3 million rentable square feet of industrial assets in 19 major logistics markets. Duke Realty Corporation is publicly traded on the NYSE under the symbol DRE and is a constituent of the S&P 500 Index. More information about Duk
INDIANAPOLIS, July 27, 2022 (GLOBE NEWSWIRE) -- Duke Realty Corporation (NYSE:DRE), the largest domestic-only logistics REIT, today reported earnings for the second quarter of 2022. Quarterly Highlights Complete reconciliations, in dollars and per share amounts, of (i) net income to funds from operations ("FFO"), as defined by Nareit, as well as to Core FFO, and (ii) earnings before income taxes to same property net operating income, on a cash basis, ("SPNOI - Cash") are included in the financial tables included in this release. The company's financial results for the quarter were as follows: Three Months Ended June 30, 2022 Six Months Ended June 30, 2022 Net Income per Diluted
69 Percent Growth in Net Effective Rents on Leasing Activity 2022 Earnings Guidance Withdrawn INDIANAPOLIS, July 18, 2022 (GLOBE NEWSWIRE) -- Duke Realty Corporation (NYSE:DRE), the largest domestic-only logistics REIT, today reported non-financial operating results for the second quarter of 2022. Quarterly Highlights The company's portfolio lease-up and occupancy percentages were as follows: June 30,2022 March 31,2022 June 30,2021Percent Leased (Stabilized Portfolio) 99.7% 99.4% 98.2%Percent Occupied (Stabilized Portfolio) 98.7% 97.8% 97.8%Percent Leased (Total In-Service Portfolio) 99.7% 99.1% 97.9%Percent Occupied (Total In-Service Portfolio) 98.7% 97.6% 97.5%Percent Leased (T
Portfolio addition will drive long-term shareholder growth SAN FRANCISCO and INDIANAPOLIS, June 13, 2022 /PRNewswire/ -- Prologis, Inc. (NYSE:PLD) and Duke Realty Corporation (NYSE:DRE) today announced that the two companies have entered into a definitive merger agreement by which Prologis will acquire Duke Realty in an all-stock transaction, valued at approximately $26 billion, including the assumption of debt. The respective board of directors for Prologis and Duke Realty have unanimously approved the transaction. "We have admired the disciplined repositioning strategy the Duke Realty team has completed over the last decade," said Prologis Co-founder, CEO and Chairman Hamid R. Moghadam. "T
INDIANAPOLIS, May 11, 2022 (GLOBE NEWSWIRE) -- Duke Realty Corporation (NYSE:DRE) ("Duke Realty" or "the Company"), the largest domestic-only logistics REIT, today responded to Prologis, Inc.'s (NYSE:PLD) ("Prologis") non-binding proposal to acquire the Company in an all-stock transaction. Under the terms of Prologis' May 10, 2022 proposal, Duke Realty shareholders would receive 0.466 shares of Prologis common stock for each share of Duke Realty common stock they own. "As we have repeatedly made clear to Prologis during our discussions over the past several months, consistent with its fiduciary duties, our Board of Directors has carefully evaluated proposals from Prologis and we remain op
49.2 Percent Growth in Net Effective Rents on Leasing Activity Record Occupancy Levels 2022 Guidance Updated INDIANAPOLIS, April 27, 2022 (GLOBE NEWSWIRE) -- Duke Realty Corporation (NYSE:DRE), the largest domestic-only logistics REIT, today reported results for the first quarter of 2022. "We completed the first quarter of 2022 with record levels of in-service and stabilized occupancy and made significant leasing progress in our development pipeline," said Jim Connor, Chairman and Chief Executive Officer. "Leasing volume totaled 7.7 million square feet for the quarter, which was impressive considering that no build-to-suit activity was included. We finished the quarter with our total i
INDIANAPOLIS, March 30, 2022 (GLOBE NEWSWIRE) -- Duke Realty Corporation (NYSE:DRE) today announced that the company will release its first quarter 2022 operating results on Wednesday, April 27th, after the market close. The company will host its quarterly earnings conference call on Thursday, May 28th, at 12:00 p.m. Eastern Time. The public may access the conference call through a live audio webcast available on the investor relations section of Duke Realty's website at www.dukerealty.com. Supplemental materials will be posted to the investor relations section of the Company's website prior to the conference call. Shortly after the conclusion of the conference call, investors can access
INDIANAPOLIS, March 04, 2022 (GLOBE NEWSWIRE) -- Duke Realty Corporation (NYSE:DRE), a leading logistics property real estate investment trust (REIT), announced today that its management will participate in investor meetings at the Citi 2022 Global Property CEO Conference, being held March 7-8, 2022. There will be a live webcast of the Company's roundtable discussion on Monday, March 7, 2022, from 3:30 p.m. to 4:05 p.m. Eastern Time. Access to the webcast will be available on the Company's website at investor.dukerealty.com/events-and-presentations/upcoming-events or by accessing this link, https://kvgo.com/global-property-ceo-conference/duke-realty-corp-mar-2022. An audio replay will be a
Record 41 Percent Growth in Net Effective Rents Record Stabilized In-Service Portfolio 98.7 Percent Leased Record 2021 Development Starts of $1.4 Billion 2022 Guidance Issued INDIANAPOLIS, Jan. 26, 2022 (GLOBE NEWSWIRE) -- Duke Realty Corporation (NYSE:DRE), the largest domestic-only logistics REIT, today reported results for the fourth quarter of 2021. "I am pleased to announce our strong fourth quarter operating results, completing an extremely successful year that included record company performance in several different metrics," said Jim Connor, Chairman and Chief Executive Officer. "We delivered significant year-over-year growth in all of our earnings metrics,
Robert W. Baird downgraded Duke Realty from Outperform to Neutral and set a new price target of $74.00 from $78.00 previously
BMO Capital Markets upgraded Duke Realty from Market Perform to Outperform and set a new price target of $65.00 from $68.00 previously
Truist upgraded Duke Realty from Hold to Buy and set a new price target of $63.00
Truist downgraded Duke Realty from Buy to Hold and set a new price target of $63.00
Truist Securities downgraded Duke Realty from Buy to Hold
Raymond James reiterated coverage of Duke Realty with a rating of Outperform and set a new price target of $68.00 from $61.00 previously
BMO Capital Markets downgraded Duke Realty from Outperform to Market Perform and set a new price target of $68.00
Wells Fargo downgraded Duke Realty from Overweight to Equal Weight
Morgan Stanley reiterated coverage of Duke Realty with a rating of Equal-Weight and set a new price target of $60.00 from $51.00 previously
RBC Capital upgraded Duke Realty from Sector Perform to Outperform and set a new price target of $65.00 from $55.00 previously
SAN FRANCISCO, Jan. 26, 2023 /PRNewswire/ -- Prologis, Inc. (NYSE:PLD), the global leader in logistics real estate, today announced the tax treatment of Duke Realty Corporation (NYSE:DRE) 2022 distributions. The exhibit reflects the per share tax treatment of Duke Realty Corporation's common stock distribution, as prescribed by the Internal Revenue Code. In October 2022, Prologis announced that it had completed its acquisition of Duke Realty Corporation for $23 billion, including assumption of debt. In connection with the transaction, each share of Duke Realty Corporation common stock was converted into the right to receive 0.475 of a share of Prologis common stock. All distributions from a
Prologis gains properties in key U.S. markets; Expands its Essentials offerings to 500+ new customers SAN FRANCISCO, Oct. 3, 2022 /PRNewswire/ -- Prologis, Inc. (NYSE:PLD) ("Prologis") today announced the completion of its all-stock acquisition of Duke Realty Corporation (NYSE:DRE) ("Duke Realty") following approval by the shareholders of Prologis and Duke Realty. Valued at approximately $23 billion, including the assumption of debt, the completed transaction expands Prologis' presence in key U.S. markets. "In addition to the day-one accretion and avenues for further earnings growth, this acquisition gives us an even stronger ability to support our customers and their growth," said Prologis
SAN FRANCISCO and INDIANAPOLIS, Sept. 28, 2022 /PRNewswire/ -- Prologis, Inc. (NYSE:PLD) ("Prologis") and Duke Realty Corporation (NYSE:DRE) ("Duke Realty") today announced that Prologis stockholders and Duke Realty shareholders have voted, separately, to approve the proposed merger at their respective special meetings held virtually today, September 28, 2022. According to the results of the Prologis Special Meeting of Stockholders, more than 99 percent of votes cast at the meeting – approximately 87 percent of the outstanding shares of Prologis common stock as of the record date – were voted in favor of the issuance of Prologis common stock in connection with the merger. The final voting r
NEW YORK, Sept. 23, 2022 /PRNewswire/ -- S&P Dow Jones Indices will make the following changes to the S&P 500, S&P MidCap 400 and S&P SmallCap 600: PG&E Corp. (NYSE:PCG) will replace Citrix Systems Inc. (NASD: CTXS) in the S&P 500 effective prior to the opening of trading on Monday, October 3. Vista Equity Partners is acquiring Citrix Systems in a transaction expected to be completed September 30, pending final conditions.S&P MidCap 400 constituent EQT Corp. (NYSE:EQT) will replace Duke Realty Corp. (NYSE:DRE) in the S&P 500, S&P SmallCap 600 constituent ExlService Holdings Inc. (NASD: EXLS) will replace EQT in the S&P MidCap 400, and Mister Car Wash Inc. (NYSE:MCW) will replace ExlService H
INDIANAPOLIS, Sept. 01, 2022 (GLOBE NEWSWIRE) -- The Board of Directors of Duke Realty Corporation (NYSE:DRE) today declared a quarterly cash distribution on its common stock of $0.28 per share, or $1.12 per share on an annualized basis. The third quarter dividend will be payable on September 30, 2022, to shareholders of record at the close of business on September 15, 2022. About Duke Realty Corporation Duke Realty Corporation owns and operates approximately 167.3 million rentable square feet of industrial assets in 19 major logistics markets. Duke Realty Corporation is publicly traded on the NYSE under the symbol DRE and is a constituent of the S&P 500 Index. More information about Duk
-- Trustee Susan Givens to Retire from Board -- Urban Edge Properties (NYSE:UE) today announced the appointment of Mary L. Baglivo to the Company's Board of Trustees, effective September 1, 2022. Ms. Baglivo is an experienced leader with an extensive career in retail, brand marketing, advertising, and higher education. She has held Chief Executive Officer roles at several leading global advertising and communication companies in addition to leading her own brand strategy and consulting firm, The Baglivo Group. She previously served as the CEO Americas at Saatchi & Saatchi, a global marketing and advertising agency. Prior to her role at Saatchi & Saatchi, Ms. Baglivo served as President at
INDIANAPOLIS, July 28, 2022 (GLOBE NEWSWIRE) -- Duke Realty Corporation (NYSE:DRE) today announced that its Board of Directors has called a special meeting of its stockholders to consider and vote on its proposed merger with Prologis, Inc. ("Prologis"). The special meeting will be conducted via a virtual live webcast on September 28, 2022, commencing at 12 p.m. Eastern Time. Stockholders of record of Duke Realty as of the close of business on August 8, 2022, the record date for the special meeting, will be entitled to notice of and to vote at the special meeting. About Duke Realty Corporation Duke Realty Corporation owns and operates approximately 167.3 million rentable square feet of i
INDIANAPOLIS, July 27, 2022 (GLOBE NEWSWIRE) -- Duke Realty Corporation (NYSE:DRE), the largest domestic-only logistics REIT, today reported earnings for the second quarter of 2022. Quarterly Highlights Complete reconciliations, in dollars and per share amounts, of (i) net income to funds from operations ("FFO"), as defined by Nareit, as well as to Core FFO, and (ii) earnings before income taxes to same property net operating income, on a cash basis, ("SPNOI - Cash") are included in the financial tables included in this release. The company's financial results for the quarter were as follows: Three Months Ended June 30, 2022 Six Months Ended June 30, 2022 Net Income per Diluted
69 Percent Growth in Net Effective Rents on Leasing Activity 2022 Earnings Guidance Withdrawn INDIANAPOLIS, July 18, 2022 (GLOBE NEWSWIRE) -- Duke Realty Corporation (NYSE:DRE), the largest domestic-only logistics REIT, today reported non-financial operating results for the second quarter of 2022. Quarterly Highlights The company's portfolio lease-up and occupancy percentages were as follows: June 30,2022 March 31,2022 June 30,2021Percent Leased (Stabilized Portfolio) 99.7% 99.4% 98.2%Percent Occupied (Stabilized Portfolio) 98.7% 97.8% 97.8%Percent Leased (Total In-Service Portfolio) 99.7% 99.1% 97.9%Percent Occupied (Total In-Service Portfolio) 98.7% 97.6% 97.5%Percent Leased (T
NEW YORK, June 13, 2022 (GLOBE NEWSWIRE) -- Steel Connect, Inc. (NASDAQCM: STCN) Lifshitz Law PLLC announces an investigation into possible breach of fiduciary duties in connection with the sale of Steel Connect to Steel Partners Holdings L.P. Under the terms of the agreement shareholders will receive $1.35 in cash for each share of Steel Connect common stock they own. If you are a Steel Connect investor, and would like additional information about our investigation, please complete the Information Request Form or contact Joshua Lifshitz, Esq. by telephone at (516)493-9780 or email at [email protected]. Prologis, Inc. (NYSE:PLD) Lifshitz Law PLLC announces an investigation into pos
-- Trustee Susan Givens to Retire from Board -- Urban Edge Properties (NYSE:UE) today announced the appointment of Mary L. Baglivo to the Company's Board of Trustees, effective September 1, 2022. Ms. Baglivo is an experienced leader with an extensive career in retail, brand marketing, advertising, and higher education. She has held Chief Executive Officer roles at several leading global advertising and communication companies in addition to leading her own brand strategy and consulting firm, The Baglivo Group. She previously served as the CEO Americas at Saatchi & Saatchi, a global marketing and advertising agency. Prior to her role at Saatchi & Saatchi, Ms. Baglivo served as President at
Urban Edge Properties (NYSE:UE) today announced the appointment of Norman K. Jenkins to the Company's Board of Trustees effective November 22, 2021. Mr. Jenkins is a seasoned executive with over 25 years of real estate and leadership experience. He is President and Chief Executive Officer of Capstone Development, a privately-held firm he founded in 2009. Capstone develops and acquires commercial and multi-family real estate, with significant expertise in public-private partnerships and developing hospitality real estate that is typically affiliated with international lodging brands. Capstone currently owns a diverse portfolio comprised of hotels, street level retail and multi-family housin
RICHMOND, Va.--(BUSINESS WIRE)--Performance Food Group Company (PFG) (NYSE: PFGC) today announced that it has appointed Warren M. Thompson to serve as an independent director on its Board of Directors, effective today. This appointment expands PFG’s Board to 11 directors. The Board appointed Mr. Thompson to serve as a member of the Company’s Audit Committee and as a member of the Technology Committee, also effective immediately. Mr. Thompson, 61, currently serves as President and Chairman of Thompson Hospitality Corporation, the largest minority-owned foodservice and facilities management company in the U.S. The company was founded in 1992 when Mr. Thompson completed a leveraged bu
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